"Today’s data signals the economy is entering a slower phase," said Gina Bolvin, president of Bolvin Wealth Management Group.
“Advisors have become less reactionary and tried to be more proactive in terms of how they're building and managing portfolios,” said Chris Maxey, chief market strategist at Wealthspire.
“Investors are more conditioned to these events than at any time in history,” said Tash Elwyn, president of Raymond James’s private client group.
“The wealth management industry needs these AI-driven solutions to help advisors better serve their clients,” said Raymond James Chief Executive Paul Shoukry.
“Millennials stand at a critical financial crossroads,” said Gerald Grant III, a financial advisor at Equitable Advisors.
"The most likely outcomes are manageable," said Adrian Helfert, chief investment officer of multi-asset strategies at Westwood, as the markets and oil prices react to the escalating Iran war.
The latest PPI data could give the Fed “another reason to be more patient with rate cuts,” said Chris Zaccarelli of Northlight Asset Management.
Nearly half of advisors’ clients who intend to pass on their assets plan share a portion of their wealth during their lifetimes, according to new research.
“The acceleration of generative AI is foundational to how firms operate, compete, and serve clients,” said Germán Soto Sanchez, chief product and strategy officer at Broadridge Financial Solutions.
“If AI is to play a role in their business operations, advisors would do well to disclose where it is used," said John McKenna, senior analyst at Cerulli.
